Spotify’s stock price has been on a promising upswing, with analysts setting ambitious targets as shares edge near $400. The last time SPOT approached this mark was in early 2021, fueled by high-profile content deals, but concerns over profitability and market pressures pulled it down to the $70s in 2022. Under CEO Daniel Ek’s direction, Spotify shifted focus to profitability, cutting unnecessary expenditures. Analysts are optimistic, with targets ranging up to $490 from firms like Morgan Stanley and Deutsche Bank, driven by projected subscriber growth, podcasting, and ad revenue.
Comments
Mark Zuckerberg Dethroned: Three 22-Year-Old Mercor Founders Become Youngest Self-Made Billionaires
Mercor’s 22-year-old founders have become the world’s youngest self-made billionaires after a $350 million funding round valued the AI recruitment startup at $10 billion, surpassing Mark Zuckerberg’s record. Mercor, a fast-rising recruitment startup powering AI model training for Silicon Valley’s biggest labs, has created the world’s youngest self-made billionaires. Three 22-year-old cofounders, including two Americans of Indian origin, have dethroned Mark Zuckerberg as the world’s youngest sel
O A
Soho House Acquired for £2 Billion as Ashton Kutcher Joins Board
Private members' club chain Soho House has been snapped up for $2.7bn (£2bn) by a consortium involving Hollywood actor turned investor Ashton Kutcher. The group opened its first club in London in 1995, and now has 46 Soho Houses in Europe, North America and Asia, as well a string of other up-market hospitality businesses. It is widely regarded as being a popular haunt of A-list celebrities, and one of its London venues was reportedly where Prince Harry and Meghan Markle had their first date.
O A
UK announces sweeping social media ban for under-16s
British Prime Minister Keir Starmer said on Monday he would ban social media sites for under-16s and impose restrictions on gaming and live-streaming platforms, in a fightback against big tech that goes further than any other country. The sweeping changes will "give kids their childhood back", Starmer told reporters, outlining measures against Snapchat, TikTok, Instagram and other platforms, as well as gaming sites that allow strangers to contact children. "It is clear to me a full ban is the
O A
Fox set to buy Roku in $22 billion deal
Fox signed an agreement to acquire Roku in a deal valued at about $22 billion, the companies said. Roku is one of the first companies to bring streaming platforms like Netflix and YouTube to television through connected devices and smart TVs. Its business is largely driven by advertising and subscription revenue from streaming apps on its platform. Advertising is the largest component, with revenue of $613 million in the first quarter, up 27% year-on-year. Fox will acquire Roku for $160 p
O A
James Harden arrested on misdemeanour gun charge in Houston
Former NBA Most Valuable Player James Harden was arrested Saturday in Houston, Texas, on a misdemeanour charge of unlawful carrying of a weapon, court documents showed. Harris County court records showed that Cleveland Cavaliers guard Harden was taken into custody at 3:41 a.m. when an unconcealed handgun was spotted in his Mercedes. Harden confirmed the gun was his and was arrested and booked into jail and released on a $100 bond, according to the documents, in which authorities said that the
O A
Jalen Brunson leads the New York Knicks to their first NBA title in 53 years
Jalen Brunson's 45 points lifted the New York Knicks to their first NBA Finals in 53 years after defeating the San Antonio Spurs 94-90 in Game 5 on Saturday. After a brutal first half from the Knicks' shooting, Brunson dropped 29 of his 45 points in the second half as he carried the Knicks on his back to a title. He finished shooting 14-27 (4-7 3PT, 13-15 FT) along with three rebounds, three assists, and two steals. His 45 points are the most ever by a Knicks player in a single NBA Finals game
O A